Anupam Rasayan disappoints on debut: What must investors develop with the inventory?

Anupam Rasayan IPO noticed a muted listing at Rs 534.70 on the BSE, down 3.7 percent in comparison with the disaster trace. Right here's what experts are announcing on what to develop with the inventory when you happen to had been dispensed shares.

Sunil Shankar Matkar

March 24, 2021 / 03: 39 PM IST

Anupam Rasayan noticed a muted listing on March 24 largely attributable to frail market prerequisites and elevated valuations of the disaster.

The inventory opened at Rs 534.70 on the BSE, down 3.7 percent in comparison with the disaster trace of Rs 555 per share. It touched an intraday high of Rs 548.95 and low of Rs 501.15.

At 13: 47 hours, the share trace used to be purchasing and selling at Rs 543.55, down 2.06 percent over the disaster trace, with volume of 12.14 lakh equity shares . On the identical time, the BSE Sensex used to be down higher than 1.5 percent.

Experts own urged investors, who had been purchasing for listing gains, must promote the shares. But to the prolonged-term investors, the analysts recommend holding on to the shares.

"We recommend rapid term investor or these that applied for listing develop to promote partial lot and no longer urged to raise on listing day," acknowledged Astha Jain, Senior Analysis Analyst at Hem Securities.

Prashanth Tapse, AVP Analysis at Mehta Equities, feels at Rs 555 per share, the disaster used to be aggressively priced in comparison with its listed guests. As a consequence of this truth, serious referring to the unstable market and more inexpensive diagram valuation, he has additionally urged investors to promote on the listing day.

For trace spanking new customers, he acknowledged it's some distance more fit to back for the prices to chill down.

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Anupam Rasayan is a personalized synthesis and manufacturer of distinctiveness chemicals, essentially targeted on agro-chemicals. It operates in two certain enterprise verticals - one is existence sciences distinctiveness chemicals wherein it makes merchandise linked to agrochemicals, deepest care and prescription tablets, and the 2d is varied distinctiveness chemicals, wherein it offers distinctiveness pigment, dyes, and polymer components.

Long term call

Prashanth Tapse believes Anupam Rasayan is correctly-positioned for prolonged-term play to faucet the shifting global query to India.

"Within the most contemporary atmosphere, Anupam stands correctly to earn the beneficial and change reinforce love Own in India theme marketing and marketing campaign would additionally add impetus to the emergence of India as a manufacturing hub for the distinctiveness chemicals change," he acknowledged.

For prolonged-term peek, Astha Jain has additionally urged investors to get the inventory.

Anupam Rasayan raised Rs 760 crore through its public disaster which used to be completely a current disaster. The company will utilise current disaster proceeds with the exception of disaster charges for repaying money owed.

Disclaimer: The views and funding guidelines expressed by funding knowledgeable on are his occupy and no longer that of the procure save or its administration. advises customers to consult with certified experts sooner than taking any funding choices.

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